Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[derpinheimer]

Price is looking very good as for a Tuesday

Another day with a rally I predict +%35 i next 12h.

 

35%? Thats a big move! I would be happy with a tenth of that!

Quick analysis yields that a big move up starting in the next 36hrs would fit the trend...

[roslinpl]

Price is looking very good as for a Tuesday

Another day with a rally I predict +%35 i next 12h.

 

35%? Thats a big move! I would be happy with a tenth of that!

Well misspelling I was thinking of $ instead of %...

Anyway +%35 would be amazing too
but this is possible if the rally will not stop more like till the end of the week than in next 12h

[shmadz]

what happened when bitcoin forked?

man, that was crazy times.

you ask that to a bitcoiner, and anyone who was in the game at that time will remember where they were and what they were doing.it's like louis armstrong on the moon or JFK assassination.

personally, I found out about an hour late, and I was just glued to these forums. I read all the pastes from the IRC chat, and the discussion threads they spawned, and after 4 or 5 hours, it was pretty much over. it was kinda cool how quickly consensus was reached.

the motives protecting bitcoin are so simple and so strong, smart contracts and bitcoin-denominated assets and all that is just a side show.

Bitcoin should just stick to being money, and just get rid of everything else.

Money is what moves this world, after all.

[hualehua]

btc up,ltc down.

[JorgeStolfi]

In case anyone cares, the Willy Report got coverage in Chinese e-media today (which is alread Tue May/27 in China)

比特币去年年末暴涨，是因为机器人交易？
[GT]Bitcoin skyrocketed late last year , because the robot trading ?[/GT]
2014-05-27 08:32:59 Source: ZDNet
http://tech.163.com/14/0527/08/9T85SOTU000915BF.html

There seem to be an interesting article in the Atlantic Monthly about the future of digital payments in general, many Chinese sources are copying it.

If I understand correctly this camera review article, even consumer video cameras are being infected with bitcoin mining viruses:
http://www.qianjia.com/html/2014-05/27_231277.html
商用网络摄像机，你往何处去
[GT]Commercial network cameras, you where to go[/GT]

[ ... ] 有安全研究人员发现，国内某知名安防企业的数字硬盘录像机存在安全问题，作为用于存储摄像头视频数据的设备，由于弱口令而被感染了病毒。此外，设备还被安装了比特币挖矿程序。显然这个病毒是专门针对目前的ARMLinux设备，那目前国内的同类型系统都涉及到这个风险。
[ ... ]Security researchers have found that there is a well-known domestic enterprises security DVR security issues, as the camera equipment used to store video data , due to the weak passwords have been infected with a virus . In addition , the device also bitcoin mining program installed. Obviously, this virus is specifically targeted at the ARMLinux equipment , the same type that the current domestic system are related to this risk.

Today's Chinese lesson:

暗黑币 = Ànhēi Bì = Dark Coin

(Its recent 15-fold price rally got some attention in Chinese e-news today.)

[jl2012]

There is an alternative theory for Willy, saying that it's a special API for whales.

In case anyone cares, the Willy Report got coverage in Chinese e-media today (which is alread Tue May/27 in China)

比特币去年年末暴涨，是因为机器人交易？
[GT]Bitcoin skyrocketed late last year , because the robot trading ?[/GT]
2014-05-27 08:32:59 Source: ZDNet
http://tech.163.com/14/0527/08/9T85SOTU000915BF.html

There seem to be an interesting article in the Atlantic Monthly about the future of digital payments in general, many Chinese sources are copying it.

If I understand correctly this camera review article, even consumer video cameras are being infected with bitcoin mining viruses:
http://www.qianjia.com/html/2014-05/27_231277.html
商用网络摄像机，你往何处去
[GT]Commercial network cameras, you where to go[/GT]

[ ... ] 有安全研究人员发现，国内某知名安防企业的数字硬盘录像机存在安全问题，作为用于存储摄像头视频数据的设备，由于弱口令而被感染了病毒。此外，设备还被安装了比特币挖矿程序。显然这个病毒是专门针对目前的ARMLinux设备，那目前国内的同类型系统都涉及到这个风险。
[ ... ]Security researchers have found that there is a well-known domestic enterprises security DVR security issues, as the camera equipment used to store video data , due to the weak passwords have been infected with a virus . In addition , the device also bitcoin mining program installed. Obviously, this virus is specifically targeted at the ARMLinux equipment , the same type that the current domestic system are related to this risk.

Today's Chinese lesson:

暗黑币 = Ànhēi Bì = Dark Coin

(Its recent 15-fold price rally got some attention in Chinese e-news today.)

[shmadz]

The bull markets make me more nervous than the bear ones even though I'm a hodler. If we carry on like we have been, it'll be ATH in about 2 weeks. That's MENTAL.

[Bitcopia]

what happened when bitcoin forked?

man, that was crazy times.

you ask that to a bitcoiner, and anyone who was in the game at that time will remember where they were and what they were doing.it's like louis armstrong on the moon or JFK assassination.

personally, I found out about an hour late, and I was just glued to these forums. I read all the pastes from the IRC chat, and the discussion threads they spawned, and after 4 or 5 hours, it was pretty much over. it was kinda cool how quickly consensus was reached.

the motives protecting bitcoin are so simple and so strong, smart contracts and bitcoin-denominated assets and all that is just a side show.

Bitcoin should just stick to being money, and just get rid of everything else.

Money is what moves this world, after all.

"March 11 orphan blocks were slow. Doubters panicked, let their bitcoins go. I took my chances.... Now I'm just holding for the looongest time!"
https://www.youtube.com/watch?v=NG1qooBzE2w

I remember watching the market go crazy and before I had time to make a rational/ non-emotional decision, it had worked itself out. It was on par with the SR crash. The hardfork showed the resiliency of the community. The SR crash gave credibility to the currency.

[nioc]

what happened when bitcoin forked?

man, that was crazy times.

you ask that to a bitcoiner, and anyone who was in the game at that time will remember where they were and what they were doing.it's like louis armstrong on the moon or JFK assassination.

personally, I found out about an hour late, and I was just glued to these forums. I read all the pastes from the IRC chat, and the discussion threads they spawned, and after 4 or 5 hours, it was pretty much over. it was kinda cool how quickly consensus was reached.

the motives protecting bitcoin are so simple and so strong, smart contracts and bitcoin-denominated assets and all that is just a side show.

Bitcoin should just stick to being money, and just get rid of everything else.

Money is what moves this world, after all.

Why would Louie Armstrong go to the moon when there is no air?  Air is necessary for his horn.

[shmadz]

what happened when bitcoin forked?

man, that was crazy times.

you ask that to a bitcoiner, and anyone who was in the game at that time will remember where they were and what they were doing.it's like louis armstrong on the moon or JFK assassination.

personally, I found out about an hour late, and I was just glued to these forums. I read all the pastes from the IRC chat, and the discussion threads they spawned, and after 4 or 5 hours, it was pretty much over. it was kinda cool how quickly consensus was reached.

the motives protecting bitcoin are so simple and so strong, smart contracts and bitcoin-denominated assets and all that is just a side show.

Bitcoin should just stick to being money, and just get rid of everything else.

Money is what moves this world, after all.

Why would Louie Armstrong go to the moon when there is no air?  Air is necessary for his horn.

doh!

maybe it was neil? or maybe chuck norris?

I can't remember, I wasn't alive back then, and I'm still skeptical about the whole thing, just like the prof  

[ChartBuddy]

Explanation

[nioc]

what happened when bitcoin forked?

man, that was crazy times.

you ask that to a bitcoiner, and anyone who was in the game at that time will remember where they were and what they were doing.it's like louis armstrong on the moon or JFK assassination.

personally, I found out about an hour late, and I was just glued to these forums. I read all the pastes from the IRC chat, and the discussion threads they spawned, and after 4 or 5 hours, it was pretty much over. it was kinda cool how quickly consensus was reached.

the motives protecting bitcoin are so simple and so strong, smart contracts and bitcoin-denominated assets and all that is just a side show.

Bitcoin should just stick to being money, and just get rid of everything else.

Money is what moves this world, after all.

Why would Louie Armstrong go to the moon when there is no air?  Air is necessary for his horn.

doh!

maybe it was neil? or maybe chuck norris?

I can't remember, I wasn't alive back then, and I'm still skeptical, just like the prof  

It was Neil.  He also messed up the words when stepping onto the moon.  He said one small step for man, one giant leap for mankind.  This is redundant.  He was supposed to say, one small step for "a" man etc.  Considering the circumstances he can be forgiven.

I hope bitcoiners will learn from his experience when they first reach the moon.

[windjc]

For all this "we are overbought and must pullback" talk, the truth is that we are consolidating at highs. Historically this is bullish about 95% of the time.

Breaking 600 is a huge psychological deal, so the fact that we are consolidating at 585, just as we did at 495, is no surprise.

One thing we should all remember, is that when the bitcoin trend is up, it is VERY easy to underestimate how far it can go, and how little "overbought" really means in a bull trend.

[windjc]

TERA has retired from these boards during this bull run. I know she is trading and probably killing it, but I am surprised that she decided she could take a little heat that some may have given her about her bearish calls.

[shmadz]

For all this "we are overbought and must pullback" talk, the truth is that we are consolidating at highs. Historically this is bullish about 95% of the time.

Breaking 600 is a huge psychological deal, so the fact that we are consolidating at 585, just as we did at 495, is no surprise.

One thing we should all remember, is that when the bitcoin trend is up, it is VERY easy to underestimate how far it can go, and how little "overbought" really means in a bull trend.

I don't always agree with windy, but when I do, I agree that upticks without significant pullbacks is incredibly bullish.

*edit, forgot a word there*

[Bitcopia]

For all this "we are overbought and must pullback" talk, the truth is that we are consolidating at highs. Historically this is bullish about 95% of the time.

Breaking 600 is a huge psychological deal, so the fact that we are consolidating at 585, just as we did at 495, is no surprise.

One thing we should all remember, is that when the bitcoin trend is up, it is VERY easy to underestimate how far it can go, and how little "overbought" really means in a bull trend.

This is a good point. However, for a rally to start and continue at this pace fresh out of a 5 month down trend would be new.

[windjc]

For all this "we are overbought and must pullback" talk, the truth is that we are consolidating at highs. Historically this is bullish about 95% of the time.

Breaking 600 is a huge psychological deal, so the fact that we are consolidating at 585, just as we did at 495, is no surprise.

One thing we should all remember, is that when the bitcoin trend is up, it is VERY easy to underestimate how far it can go, and how little "overbought" really means in a bull trend.

This is a good point. However, for a rally to start and continue at this pace fresh out of a 5 month down trend would be new.

I'm not saying we are going to 710 this week. I think we are getting close to a major pullback.

But looking at the tea leaves, I think 600+ is much more likely to be seen before 550-560.  Its going to take a lot to get through 600, but consolidating at 585 is like rallying the troops.

[YipYip]

There is an alternative theory for Willy, saying that it's a special API for whales.

In case anyone cares, the Willy Report got coverage in Chinese e-media today (which is alread Tue May/27 in China)

比特币去年年末暴涨，是因为机器人交易？
[GT]Bitcoin skyrocketed late last year , because the robot trading ?[/GT]
2014-05-27 08:32:59 Source: ZDNet
http://tech.163.com/14/0527/08/9T85SOTU000915BF.html

There seem to be an interesting article in the Atlantic Monthly about the future of digital payments in general, many Chinese sources are copying it.

If I understand correctly this camera review article, even consumer video cameras are being infected with bitcoin mining viruses:
http://www.qianjia.com/html/2014-05/27_231277.html
商用网络摄像机，你往何处去
[GT]Commercial network cameras, you where to go[/GT]

[ ... ] 有安全研究人员发现，国内某知名安防企业的数字硬盘录像机存在安全问题，作为用于存储摄像头视频数据的设备，由于弱口令而被感染了病毒。此外，设备还被安装了比特币挖矿程序。显然这个病毒是专门针对目前的ARMLinux设备，那目前国内的同类型系统都涉及到这个风险。
[ ... ]Security researchers have found that there is a well-known domestic enterprises security DVR security issues, as the camera equipment used to store video data , due to the weak passwords have been infected with a virus . In addition , the device also bitcoin mining program installed. Obviously, this virus is specifically targeted at the ARMLinux equipment , the same type that the current domestic system are related to this risk.

Today's Chinese lesson:

暗黑币 = Ànhēi Bì = Dark Coin

(Its recent 15-fold price rally got some attention in Chinese e-news today.)

Did I order a second serve of your steaming pile of FUD with bullshit sauce ...I dont think so

Please take it back to the kitchen & i wont be paying for it

[Arghhh]

594... get ready!

[megashira1]

This is the breakout to 1k!! weeeeeeee